Indian Railway Finance Corporation (IRFC) has announced that its board meeting will be held on March 9, 2026, to consider the declaration of second interim dividend for FY26. According to the company's latest exchange filing, the board meeting was held today to consider the interim dividend declaration for the financial year 2025-26. The Navratna railway PSU has set March 13, 2026, as the record date for determining shareholder entitlements for the second interim dividend payment.
The IRFC board of directors has approved a second interim dividend of ₹1.05 per equity share for the financial year 2025-26. As per the company's March 9 dated exchange filing, the board of directors has considered and approved the declaration of the second interim dividend of ₹1.05 per equity share of ₹10/- each for the financial year 2025-26. Dividends will be distributed within 30 days to shareholders listed as beneficial owners in the depository records or as members in the register of members by the record date. Shareholders are encouraged to update their tax information with the Registrar and Transfer Agent before March 13, 2026, to guarantee precise tax deductions at source (TDS). The income from dividends is subject to taxation, and the company will apply TDS in accordance with the Income Tax Act, 1961.
IRFC has a consistent pattern of interim dividend declarations, with the company declaring an interim dividend of ₹1.05 with record date in October 2025. Previously, the company announced an interim dividend of ₹0.80 with record date in March 2025. The company is under administrative control of the Ministry of Railways and serves as the dedicated funding arm of Indian Railways, established in December 1986 for mobilising funds from domestic and overseas markets to meet the pre-dominant portion of extra budgetary resources requirement of Indian Railways.
The board has also authorized revisions to several policies, including those related to Related Party Transactions, the Code of Business Conduct and Ethics, Dividend Distribution, and more. The revised policies are accessible on the company's website. This comprehensive policy review demonstrates IRFC's commitment to maintaining strong corporate governance standards and ensuring transparency in all business operations.
On Monday (March 9), IRFC shares closed at ₹97.65, declining 1.81% from its previous closing on BSE. According to latest market data, the stock has experienced significant volatility with a 52-week range of ₹148.90 to ₹95.30. In the short term, shares have declined over 1% in one week and 12% in two weeks. However, over longer periods, the stock has gained 251% in 3 years and 292% in 5 years, demonstrating strong long-term performance despite recent declines.
